Large Outflow of Money Witnessed in Activision Blizzard Inc

Activision Blizzard Inc (ATVI) : The value of composite uptick trades was $8.22 million, whereas, the value of composite downtick trades was $9.59 million. The uptick to downtick ratio stood at 0.86 with a negative money flow of ($1.37) Million during Wednesdays trading session. The block trades money flow was negative ($1.29 million).The uptick to the downtick ratio of 0.38 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.79 million. The transaction of the trades on downticks amounted to $2.08 million, which confirms investors selling on the strength of price. Activision Blizzard Inc (ATVI) gained 8 cents at $44.29, an increase of 0.18% over the previous days close.


Activision Blizzard, Inc. has dropped 1.14% in the last five trading days, however, the shares have posted positive gains of 6.95% in the last 4 weeks. Activision Blizzard, Inc. is up 16.15% in the last 3-month period. Year-to-Date the stock performance stands at 15.01%.

Activision Blizzard Inc (ATVI) : The consensus on Activision Blizzard Inc (ATVI) based on 15 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Activision Blizzard Inc (NASDAQ:ATVI): stock was range-bound between the intraday low of $43.76 and the intraday high of $44.42 after having opened at $44.2 on Wednesdays session. The stock finally closed in the red at $44.2, a loss of -0.11%. The stock remained in the red for the whole trading day. The total traded volume was 5,579,745 shares. The stock failed to cross $44.42 in Wednesdays trading. The stocks closing price on Thursday was $44.21.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.